SBI PO Salary and Other Allowances: Total Emoluments

The notification for SBI POis out. Consequently, there’s a lot of buzz about its notification. So before even applying for it, we will help you get a real picture of the inside story. If you-you want to know, what salary you will be getting after you clear the prestigious SBIPO Examination, you are at the right place.

Understanding the Salary and Compensation is important just like paying attention to the Job profile. Knowing the technicalities beforehand not only saves you from unexpected surprises after joining SBIbut also gives you an extra edge in planning your life accordingly.

We have also included certain important doubts that arise in the aspirant’s mind. This is a must read for all.

Not only this, The official will also be eligible for D.A, H.R.A/Lease rental, C.C.A, Medical and other allowances & perquisites as per rules in force from time to time. Allowances may vary depending upon the place of posting.

The total SBI PO Salary per year will be a minimum of Rs 8.20 lakhs and maximum of Rs 13.08 lakhs (depending on the place of your posting and other factors).

Also,SBI plans to offer SMART Compensation Package which would enable candidates a choice to monetize specific elements of the salary package

SBI PO Salary: Other Benefits

Medical insurance (100 percent for SBI PO and 75 percent for family members)

Important Doubts Regarding SBI PO Salary:

Yes, All selected candidates for officer position will be on a probation period of two years. You will get the same salary given above during probationas well.

Do I have to pay for training like the case with various Manipal Courses??

No, not even a single penny. Instead when you are undergoing your classroom training, even then you will be getting the full salary. (LEARNING AND EARNING AT THE SAME TIME)

Will I really get 13. lakhs Rs per year as a salary in hand??

Well, this is the most doubtful question. Not your hand salary, but yes the total compensation can go up to 13 lakhs per annum which includes

Your basic salary

Dearness Allowance

City Compensatory Allowance

Tax and PPF

Allowances like Petrol, Newspaper, Entertainment, Tea and Coffee.

Leased rent Accommodation (Or Staff Quarter if available at your place of posting)

Apart from the basic pay, the compensation amount of other things varies as per place of posting, and thus Overall Compensation will come inside the bracket of 8-13 lakhs.Start Preparing for SBI PO Now!

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